Problema Solution
You invested $27,000 and started a business selling vases. Supplies cost $11 per vase and you are selling each vase for $26. Determine the number of vases, x, that must be produced and sold to break even.
Answer provided by our tutors
let 'x' represent the number of vases sold
total cost:
11x + 27000
total revenue:
26x
we want total revenue to equal total cost:
26x = 11x + 27000
15x = 27000
x = 1800
1800 vases must be sold in order to break even